Investors Sue After Betting On Wrong Horse In Failed Porsche Buyout Of Volkswagen

Claims against Porsche A.G. and Volkswagen A.G. filed with a German court have reached €1.8 billion ($2.33 billion), the court said, as compensation demands pile up for allegedly holding back crucial information from shareholders.

A spokeswoman for the court in the city of Braunschweig, Germany, also said on Friday that an additional lawsuit had been filed against the two German car companies, without saying how much in damages was sought as part of that case.

 

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CarCrazedinCali - 1/6/2012 10:04:49 PM

+2 Boost

if you bet, you are taking risk, so take the loss and move on, don't sue over it, how dumb